According to Zacks, “Community Healthcare Trust Incorporated is engaged in the acquisition of properties which are leased to hospitals, doctors, healthcare systems or other healthcare service providers. Community Healthcare Trust Incorporated is based in Franklin, United States. “
A number of other research firms have also issued reports on CHCT. DA Davidson initiated coverage on shares of BRT Apartments in a research note on Thursday, March 28th. They set a buy rating and a $16.00 price objective on the stock. ValuEngine upgraded shares of Zynerba Pharmaceuticals from a sell rating to a hold rating in a research note on Monday, April 1st. Berenberg Bank set a €126.00 ($146.51) price objective on shares of Nemetschek and gave the company a neutral rating in a research note on Tuesday, April 23rd. Sandler O’Neill upgraded shares of HomeStreet from a hold rating to a buy rating and set a $31.00 price objective on the stock in a research note on Friday, April 5th. Finally, Robert W. Baird set a $134.00 price objective on shares of Carlisle Companies and gave the company a buy rating in a research note on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $36.84.
NYSE CHCT opened at $41.01 on Monday. Community Healthcare Trust has a one year low of $27.54 and a one year high of $41.47. The firm has a 50 day simple moving average of $38.96. The stock has a market capitalization of $776.97 million, a price-to-earnings ratio of 25.79 and a beta of 0.73.
Community Healthcare Trust (NYSE:CHCT) last posted its quarterly earnings data on Tuesday, May 7th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.05). The firm had revenue of $13.44 million for the quarter, compared to analysts’ expectations of $13.73 million. Community Healthcare Trust had a net margin of 7.86% and a return on equity of 1.45%. Equities analysts expect that Community Healthcare Trust will post 1.69 EPS for the current year.
In other news, Director Horn R. Lawrence Van sold 4,053 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $37.74, for a total transaction of $152,960.22. Following the completion of the sale, the director now owns 19,439 shares of the company’s stock, valued at $733,627.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 5.70% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the company. Texas Permanent School Fund grew its position in shares of Community Healthcare Trust by 5.9% during the fourth quarter. Texas Permanent School Fund now owns 11,522 shares of the real estate investment trust’s stock worth $332,000 after buying an additional 643 shares in the last quarter. D. E. Shaw & Co. Inc. grew its position in shares of Community Healthcare Trust by 91.4% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 13,190 shares of the real estate investment trust’s stock worth $380,000 after buying an additional 6,300 shares in the last quarter. TD Asset Management Inc. acquired a new stake in shares of Community Healthcare Trust during the first quarter worth approximately $255,000. Northern Trust Corp boosted its holdings in Community Healthcare Trust by 3.6% in the fourth quarter. Northern Trust Corp now owns 253,343 shares of the real estate investment trust’s stock worth $7,303,000 after purchasing an additional 8,809 shares during the period. Finally, Wilbanks Smith & Thomas Asset Management LLC acquired a new position in Community Healthcare Trust in the first quarter worth $215,000. 90.08% of the stock is owned by institutional investors and hedge funds.
About Community Healthcare Trust
Community Healthcare Trust Incorporated is a real estate investment trust that focuses on owning income-producing real estate properties associated primarily with the delivery of outpatient healthcare services in non-urban markets throughout the United States. The Company had investments of approximately $478.4 million in 105 real estate properties as of March 31, 2019, located in 29 states, totaling approximately 2.3 million square feet.
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